Federal Reserve Bank…accountable? Reliable?

All things being equal Newt Gingrich has brought forth some interesting particulars about the Federal Reserve that have gone well-overlooked for over 100 years.

“Bernanke has in secret spent hundreds of billions of dollars bailing out one group and not bailing out another group. I don’t see anybody in the news media demanding the kind of transparency at the Fed that you would demand of every other aspect of the federal government. And I think it is corrupt and it is wrong for one man to have that kind of secret power.” (Emphasis added)

As discussed on this site many times is the notion of separation of powers. Actually we think that it alone is perhaps the biggest difference between our governing principles and the rest of the worlds’. However, what Gingrich is alluding to with his comments is that there is one sector of government that has literally gone unchecked, unaudited, and not held responsible or accountable for anything that it does.

Once upon a time a candidate running for the Office of President promised – as did others before him – that his administration would run a totally transparent government. We’ve got nothing to hide so we will show you everything. Many programs were set up to endorse this totally clear government operation.

We’d ask the question, but it is already answered for us: Investments are down, economy very, very sluggish, high unemployment, and an “…inactive federal government…”

Based upon these descriptors above would you be a little skeptical about the Federal Reserve? How about in lieu of its audit that shows at least 16 trillion dollars spent primarily overseas for as little as 0 percent interest.

Think of the costs associated with transparency; websites galore and of course everyone would be able to see a bill at least 5 days before either chamber voted on it. Notwithstanding within the first month of that administration they failed, again like all of the others who came before them.

Gingrich’s call was ardently endorsed by Congressman Ron Paul, who has been manning the barricades of the Republican war against the Fed for years.

When you have conservative Republican stalwarts like Jim DeMint (R-SC) and Ron Paul(R-TX) as well as self identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left.

About J.Paul

Academia, Constitution, Musicianship, all around Caucasian male, straight, and professes Jesus Christ as the Lord of my life. Guitars -- Classical, Acoustic, A/E, Strat, a real bassist at heart, Les Paul Standard bass.
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7 Responses to Federal Reserve Bank…accountable? Reliable?

  1. Pingback: Answer Tea Texas Accountability Question - Tea Blogs | Tea Blogs

  2. Everything I wrote in “The Real Weapon of Mass Destruction: POVERTY” is taking place, right now. The borrowed debt to keep the system running, just isn’t available. Populations are being lined up to be fleeced, harvested by their own governments

    http://georgesblogforum.wordpress.com/2011/10/13/the-real-weapon-of-mass-destruction-poverty-update-10132011/

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  3. Pingback: The Real Weapon of Mass Destruction: POVERTY Update 10/13/2011 « georgesblogforum

  4. Pingback: END THE FED Rally « News Worldwide

  5. The Federal Reserve Bank has always been a private bank, and accountable to no one. The audit is something you have to take their word for, because there is no independent verification.
    This is the coverup of a Ponzi scheme.

    http://georgesblogforum.wordpress.com/2011/09/13/federal-reserve-too-big-to-fail-update-09132011/

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    • Jon-Paul says:

      Sure I understand that they feel accountable to no one or organization, however, this is something that must by all means CHANGE! From the hyperlink I put into the article they seemed to have their numbers correct albeit I wouldn’t use them as a reliable source. What really bugs me is that this caca is now being discussed at GOP debates and it is gaining in MSM press coverage.

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      • They not only feel unaccountable, they make it stick. The Fed has never been held to an independent audit. You hit the GOP circus on the head, Jon-Paul. The best way to confuse the issue is to turn it over to political debate. When it comes down to confronting the Fed, politicians got castrated where it doesn’t grow back. Posting the link to “Fiat Addiction” would just be plowing the same ground. I’ll just say that addiction takes the heart out of a civilization.

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